Mcan Mortgage CorporationTSX: MKP

MCAN Mortgage Corporation announces withdrawal of initial public offering by MCAP Corporation, including secondary offering by MCAN Mortgage Corporation

· Issued by MCAN Mortgage Corporation via CNW
MCAN Mortgage Corporation announces withdrawal of initial public offering by MCAP Corporation, including secondary offering by MCAN Mortgage Corporation
MCAN Mortgage Corporation announces withdrawal of initial public offering by MCAP Corporation, including secondary offering by MCAN Mortgage Corporation

Canada NewsWire

TORONTO, June 29, 2016

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/

TORONTO, June 29, 2016 /CNW/ - MCAN Mortgage Corporation ("MCAN") (TSX:MKP) today announced that MCAP Corporation ("MCAP") has withdrawn its previously announced initial public offering of common shares ("Common Shares") at this time due to current adverse market conditions. In connection therewith, the previously announced secondary offering of Common Shares by MCAN and another shareholder of MCAP also has been cancelled at this time.

SOURCE MCAN Mortgage Corporation

MCAN Mortgage Corporation, Website: www.mcanmortgage.com, e-mail: mcanexecutive@mcanmortgage.com; William Jandrisits, President and Chief Executive Officer, (416) 591-2726; Jeff Bouganim, SVP & Chief Financial Officer, (416) 203-5935Copyright CNW Group 2016

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